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Markets

Whether serving the food and drink needs of consumers or sourcing ingredients and raw materials, success in the food industry depends on keeping abreast of the latest market trends in the Asia Pacific region.

News in brief

Cash for Ash: Coke offers Chinese workers 'environmental hardship allowance'

Coke is offering an 'environmental hardship allowance' to staff in China as it tries to attract and retain talent, the Times of India reports.

India

India leapfrogs EU as world's dominant milk producer

India is now the world’s biggest milk producer, having overtaken the European Union over the last 12 months, according to the latest edition of the government’s annual economic survey.

Protein-rich wheat could open new markets

Australian high-protein wheat could be ‘industry standard’ in 10 years

Australian scientists are close to releasing a new batch of protein-rich wheat suitable for harvesting in low-quality soil, giving growers in Australia and parts of China and Africa—the opportunity to...

Australia

Tough year has seen veg growers’ profits plunge by more than 90%

Australian vegetable growers are continuing to do it tough, with average profits plummeting, according to the latest data released by the Australian Bureau of Agricultural Resource Economics and Sciences (Abares). ...

Philippines

'Aquatic chicken' could feed billions around the world

A common fish that was said to have fed thousands in biblical times could feed billions of mouths in the future as food stocks struggle to keep pace with population...

India

Thawing market prompts demand for ice cream to soar

New data indicates that India’s ice cream market is the fastest growing in the world, as the product quickly becomes part of the country’s modern culture. 

Australia

SWOT analysis exposes Asian opportunities for Australian exporters

The Australian Food and Grocery Council has published a series of reports that it hopes will deepen the manufactured food industry’s understanding of the opportunities that exist within Asia....

Australia

Yoghurt lovers: frequently fruity but getting back to nature

From bush honey to vanilla bean, Australian dairy sections boast a wide range of yoghurt flavours. But over the last five years, the country’s yoghurt-eating habits have shown a gradual...

'Increasingly adventurous' Japanese welcome different wine styles

Wine Intelligence reports that 21% of regular wine drinkers in Japan enjoy trying new and different styles of wine on a regular basis compared to 15% two years ago, while...

Want Want China to add some 50 products to its snack line in 2014

Chinese snack titan Want Want will extend its product line this year after strengthening its position in China.

Malaysia

New halal kit will let Muslims test for pork in less than one minute

A new testing kit will go a long way to ease fears among Malaysian Muslims that the food they are eating is halal, especially in light of a recent pork-related...

Southeast Asia

Indonesia considering new labeling rules for alcoholic beverages

The Indonesian government is considering new labeling regulations for manufacturers of alcoholic beverages in a bid to lower the number of consumers of alcohol in the country.

Heliae enters joint venture to produce astaxanthin in Japan via hybrid algal technology

Astaxanthin has been a red-hot ingredient in the United States for several years and demand is ramping up worldwide. To meet that demand in the Japanese market, Heliae, an algae...

South Korea

Korean women catching up with the world’s biggest boozers — Korean men

South Korean women are developing a taste for a tipple at a remarkable rate, with the number who regularly consume alcohol having grown by more than 33% in just over...

China

China leads world beef market’s return to better days

Chinese beef import volumes remain historically high, but still a long way behind last year’s stratospheric growth.

Australia

Put the Wimbledon champagne on ice: Aussie tennis fans love a tipple

With champagne corks popping at Wimbledon this week—an expected 28,000 of them over the course of the SW19 fortnight—Australian drinks marketers would be advised to tap into the bubbly market...

Analysis

No rice stock shocks yet in spite of El Niño

In spite of fears that El Niño will deliver a possible monsoon failure in India and Southeast Asia, the fate of existing rice stocks have failed to perturb the market....

China analysis

Low margins put off leading wine brokers despite boom in imports

Although China wine market has been booming for some time, the low prices charged by online importers means few leading brokers and retailers have been tempted to enter the business.

Australia

Cider poised to take over from alcopops

Cider’s dramatic rise in popularity among Australian consumers appears to have come at the expense of pre-mixed spirits, according to new market research figures.

EU tomato import rules change to incorporate variety

New EU import rules for tomatoes will take into account different varieties rather than just standard round tomatoes when it comes to calculating customs rates.

Australia

Foreign ownership might be up, but farms are still mostly Australian

With foreign investment in Australian agriculture being among the most heated political issues in the country at the moment, new figures released by the Australia Bureau of Statistics might come...

India set to increase meat presence globally

India is poised to take a larger step on to the world stage when it comes to meat, delegates to the World Meat Congress were told.

From the Vitafoods Europe 2014 vault

Mooted novel food changes will open exotic fruit doors in EU

Exotic and functional fruits and vegetables like cashew nut fruit, chu chu and their extracts are set for an easier passage into European Union markets if mooted simplifications to EU...

Southeast Asia

WTO approval means Philippines can maintain high rice import duties

The Philippines’ special treatment in rice, which allows the country to keep high duties on rice imports, is expected to continue after the World Trade Organisation’s Goods Council approved the...

News in brief

Korean health supplements body joins Iadsa

The Korea Health Supplements Association (KHSA) is the latest body to join Iadsa, the International Alliance of Dietary/ Food Supplement Associations.   

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